Roblox Corporation (NYSE:RBLX) price on current trading day, fall -1.98% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $58.74.
A look at the stock’s price movement, the level at last check in today’s session was $59.93, moving within a range at $58.33 and $59.83. The beta value (5-Year monthly) was 1.561. Turning to its 52-week performance, $61.77 and $29.55 were the 52-week high and 52-week low respectively. Overall, RBLX moved 19.74% over the past month.
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Roblox Corporation’s market cap currently stands at around $38.55 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 1.37B for the company’s revenue for the quarter, with a low and high estimate of 1.34B and 1.4B respectively. The average forecast suggests up to a 21.32% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.36B, representing a 23.75% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RBLX is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
26 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 17 recommend RBLX as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RBLX’s current price about 1.38% and 12.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.11, while 7-day volatility ratio is 3.08% and 3.89% in the 30-day chart. Further, Roblox Corporation (RBLX) has a beta value of 1.49, and an average true range (ATR) of 2.16. Analysts have given the company’s stock an average 52-week price target of $49, forecast between a low of $43 and high of $63. Looking at the price targets, the low is 26.8% off recent price level in today’s trading while to achieve the yearly target high, it has to move -7.25%. Nonetheless, investors will most likely welcome a 16.58% jump to $49 which is the analysts’ median price.
If we refocus on Roblox Corporation (NYSE:RBLX), historical trading data shows that trading volumes averaged 5.51 over the past 10 days and 8.62 million over the past 3 months. The company’s latest data on shares outstanding shows there are 607.45 million shares.
The 18.35% of Roblox Corporation’s shares are in the hands of company insiders while institutional holders own 63.55% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 27.96 million on 2024-11-29, giving us a short ratio of 2.58. The data shows that as of 2024-11-29 short interest in Roblox Corporation (RBLX) stood at 700.0000000000001 of shares outstanding, with shares short rising to 26.97 million registered in 2024-10-31. Current price change has pushed the stock 28.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RBLX stock continues to rise going into the next quarter.
